DEERE & CO | 2013 | FY |

 

The changes in amounts of goodwill by operating segments were as follows in millions of dollars:

 

		Agriculture					Construction
		and					and
		Turf					Forestry					Total
Balance at October 31, 2011			$	701				$	615			$	1,316
Less accumulated impairment losses			316									316
Net balance			385					615				1,000
Impairment loss*			(33		)							(33		)
Translation adjustments and other			(15		)			(31		)		(46		)
Balance at October 31, 2012			686					584				1,270
Less accumulated impairment losses			349									349
Net balance			337					584				921
Reclassification to assets held for sale**			(395		)							(395		)
Acquisition*			13									13
Translation adjustments and other			(2		)			19				17
Balance at October 31, 2013			302					603				905
Less accumulated impairment losses**			60									60
Goodwill			$	242				$	603			$	845

 

*     See Notes 4 and 5.

**    Accumulated impairment losses were also reduced by $289 million related to Landscapes reclassification to held for sale (see Note 4).

 

 

 

The components of other intangible assets are as follows in millions of dollars:

 

		Useful Lives* (Years)		2013			2012
Amortized intangible assets:
Customer lists and relationships		15		$	20		$	99
Technology, patents, trademarks and other		18		88			109
Total at cost				108			208
Less accumulated amortization**				35			107
Total				73			101
Unamortized intangible assets:
Licenses				4			4
Other intangible assets-net				$	77		$	105

 

*     Weighted-averages

**    Accumulated amortization at 2013 and 2012 for customer lists and relationships was $8 million and $60 million and technology, patents, trademarks and other was $27 million and $47 million, respectively.

 

Other intangible assets are stated at cost less accumulated amortization. The amortization of other intangible assets in 2013, 2012 and 2011 was $22 million, $21 million and $20 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars: 2014 – $12, 2015 – $11, 2016 – $10, 2017 – $10 and 2018 – $6.